Mayville Engineering Company Executive Compensation (FY25)

Name: Mayville Engineering Company (MEC) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

MEC · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Jagadeesh (Jag) Reddy

Median of the other named officers

$1,099,647

5 officers, excluding the chief executive

Latest say-on-pay support

April 21, 2026

Chief executive pay ratio

◇

To the median employee

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Data as of November 5, 2026Latest filing (8-K): April 23, 2026

8 filings cited on this page

Method: intel.velarion.ai/methodology

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200 figures on this page: 198 cited to the filing that reported them, 2 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Mayville Engineering Company's chief executive and what were they paid?

Total compensation for Jagadeesh (Jag) Reddy, President and Chief Executive Officer, came to $3,183,288 in fiscal 2025. Compared with the $3,692,318 reported for fiscal 2024, Reddy's total was 13.8% lower.

What was Mayville Engineering Company's say-on-pay result?

The say-on-pay proposal drew 97.0% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025.

Which companies are in Mayville Engineering Company's peer group?

The disclosed peer group includes Ampco-Pittsburgh Corporation, AZZ Inc, BlueBird Corporation, Commercial Vehicle Group, Inc and Daktronics, Inc, among others.

What is Mayville Engineering Company's chief executive pay ratio?

The company reported a chief executive pay ratio of 61:1 for fiscal 2025, against median employee compensation of $51,848.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Ryan Raber Executive Vice President – Strategy, Sales & Marketing	◇	◇	◇	◇	—	—	◇	◇
Todd Butz Chief Financial Officer	◇	◇	◇	◇	—	—	◇	◇
Robert Kamphuis Former Chairman, President and Chief Executive Officer (6) Departed during or after this year	◇	◇	—	—	—	—	—	◇
Jag Reddy President and Chief Executive Officer (5)	◇	◇	◇	—	—	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Jagadeesh (Jag) Reddy President and Chief Executive Officer	◇	—	◇	◇	◇	—	◇	◇
Ryan Raber Executive Vice President, Strategy, Sales & Marketing	◇	—	◇	◇	◇	—	◇	◇
Todd Butz Former Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
Sean Leuba Senior Vice President, General Counsel and Secretary	◇	—	◇	◇	◇	—	◇	◇
Rachele Lehr Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Jagadeesh (Jag) Reddy President and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Todd Butz Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Ryan Raber Executive Vice President - Strategy, Sales & Marketing	◇	—	◇	—	◇	—	◇	◇
Sean Leuba Senior Vice President, General Counsel and Secretary	◇	—	◇	—	◇	—	◇	◇
Rachele Lehr Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Jagadeesh (Jag) Reddy President and Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
Ryan Raber Executive Vice President, Strategy, Sales & Marketing	◇	—	◇	—	—	—	◇	◇
Todd Butz Former Chief Financial Officer Departed during or after this year	◇	—	—	—	—	—	◇	◇
Craig Nichols Senior Vice President, Operations and Supply Chain	◇	—	◇	—	—	—	◇	◇
Rachele Lehr Chief Financial Officer	◇	—	◇	—	—	—	◇	◇
Sean Leuba Senior Vice President, General Counsel and Secretary	◇	—	◇	—	—	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Craig D. Nichols	RSU	◇	—	—	◇	—	—	◇
Craig D. Nichols	PSU	◇	—	◇	—	◇	—	◇
Jagadeesh A. Reddy	RSU	◇	—	—	◇	—	—	◇
Jagadeesh A. Reddy	PSU	◇	—	◇	—	◇	—	◇
Rachele Lehr	PSU	◇	—	◇	—	◇	—	◇
Rachele Lehr	RSU	◇	—	—	◇	—	—	◇
Ryan F. Raber	RSU	◇	—	—	◇	—	—	◇
Ryan F. Raber	PSU	◇	—	◇	—	◇	—	◇
Sean P. Leuba	RSU	◇	—	—	◇	—	—	◇
Sean P. Leuba	PSU	◇	—	◇	—	◇	—	◇

Fiscal 2022, 2024 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Jagadeesh (Jag) Reddy	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Ryan Raber	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Rachele Lehr	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Sean Leuba	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Craig Nichols	PSU	◇	◇	—	—
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Craig Nichols

Senior Vice President, Operations and Supply Chain · Severance agreement

Severance multiple

◇

Jagadeesh (Jag) Reddy

President and Chief Executive Officer · Change-in-control agreement

Severance multiple	◇
Change-in-control multiple	◇

Rachele Lehr

Chief Financial Officer · Severance agreement

Severance multiple

◇

Ryan Raber

Executive Vice President, Strategy, Sales & Marketing · Change-in-control agreement

Change-in-control multiple

◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Timothy L. Christen	◇	◇	—	—	—	—	◇
Steven L. Fisher	◇	◇	—	—	—	—	◇
Jennifer J. Kent	◇	◇	—	—	—	—	◇
Jay O. Rothman	◇	◇	—	—	—	—	◇
Robert L. McCormick	◇	◇	—	—	—	—	◇
Tania L. Wingfield	◇	◇	—	—	—	—	◇
Allen J. Carlson	◇	—	—	—	—	—	◇

Christine M. Schyvinck and Jagadeesh (Jag) A. Reddy served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇
Committee meeting fee	◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Ampco-Pittsburgh Corporation AP
AZZ Inc AZZ
BlueBird Corporation BLUE
Commercial Vehicle Group, Inc CVGI
Daktronics, Inc DAKT
Douglas Dynamics, Inc PLOW
Hurco Companies, Inc. HURC
L.B. Foster Company FSTR
LSI Industries Inc LYTS
Luxfer Holdings PLC LXFR
Miller Industries, Inc MLR
Myers Industries, Inc MYE
Northwest Pipe Company NWPX
Powell Industries, Inc POWL
The Eastern Company EBC
The Gorman-Rupp Company GRC
The Shyft Group, Inc SHYF
Twin Disc, Incorporated TWIN

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	April 21, 2026	=	◇	◇	◇
2024	April 22, 2025	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Jagadeesh (Jag) Reddy (President and Chief Executive Officer), FY2025 total compensation $3,183,288 (base salary $736,450) [exec_comp, SEC accession 0001104659-26-025849, filed 2026-03-10]

See a complete sample report

What this page does not include

Everything above is a fact Mayville Engineering Company disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Mayville Engineering Company sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

200 figures on this page: 198 cited to the filing that reported them, 2 calculated from figures it prints.

198 cited to the filing

2 calculated from the filing

Documents cited

8-K, filed April 23, 2026
0001104659-26-047745
Advisory Vote to Approve the Compensation of the Company s Named Executive Officers
DEF 14A, filed March 10, 2026
0001104659-26-025849
Proxy severance section
8-K, filed April 24, 2025
0001558370-25-005403
Item 5.07. Submission of Matters to a Vote of Security Holders.
DEF 14A, filed March 11, 2025
0001558370-25-002650
Filing, filed March 11, 2025
DEF 14A, filed March 6, 2023
0001558370-23-002858
Filing, filed July 20, 2022
Filing, filed November 3, 2020

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Velarion, “Mayville Engineering Company executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MEC (accessed 2026).

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The paid brief for Mayville Engineering Company

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

From $500 for the board report; $900 for both.

Get the executive brief Get the board briefNo account needed.

8 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Mayville Engineering Company discloses

The companies named in MEC's own disclosed peer group.

Ampco-Pittsburgh Corporation AZZ Inc BlueBird Corporation Commercial Vehicle Group, Inc Daktronics, Inc Douglas Dynamics, Inc Hurco Companies, Inc.L.B. Foster Company LSI Industries Inc Luxfer Holdings PLC Miller Industries, Inc Myers Industries, Inc Northwest Pipe Company Powell Industries, Inc The Eastern Company The Gorman-Rupp Company The Shyft Group, Inc Twin Disc, Incorporated

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

More on Mayville Engineering Company

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Mayville Engineering Company

Peers Mayville Engineering Company discloses

Terms on this page